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New Middle East CEOs 2023

Forbes Middle East - English

|

Jan 2024

These are some of the most notable Middle East-based CEO appointments in 2023.

- SARA JUNAID

New Middle East CEOs 2023

Ahmed Galal Ismail 

Majid AI Futtaim - Holding

Ismail was appointed CEO of Majid AI Futtaim-Holding in January 2023, succeeding Alain Bejjani, who had held the role for eight years. In March 2023, the company inaugurated a 6.2-megawatt-peak solar power plant in partnership with Yellow Door Energy at the Bahrain Mall. In the first half of 2023, the Majid AI Futtaim Group reported a 4.8% increase in consolidated revenue to $5.1 billion. Ismail was previously CEO of Majid AI Futtaim - Properties and CEO of Majid AI Futtaim - Ventures.

Irina Zaporozhets

Eli Lilly and Company

Zaporozhets assumed her position as associate vice president and general manager for the Middle East and Africa at Eli Lilly and Company in January 2023. Zaporozhets joined Lilly's Hungary branch as a marketing associate in 2001 before adopting senior positions across its marketing, sales, HR,Six Sigma, and ethics and compliance departments in Hungary, Austria, and the U.S. She was previously the general manager for Lilly Russia and CIS from August 2017 to December 2022.

Andrew Buckingham

The Coca-Cola Company

Buckingham was appointed vice president and general manager for the Middle East at The CocaCola Company in February 2023, after joining the company in 1999. The Coca-Cola Company is working with Emirates Nature WWF to help develop traditional falaj irrigation systems in Wadi Shees, Sharjah. Before assuming his current role, Buckingham was the general manager of The Coca-Cola Company for Russia and Belarus.

Tayba AI Hashemi

ADNOC Offshore

Forbes Middle East - English'den DAHA FAZLA HİKAYE

Forbes Middle East - English

Forbes Middle East - English

CHICKEN SCRATCH

NO ONE WOULD FINANCE TODD GRAVES' IDEA FOR A RESTAURANT SERVING ONLY CHICKEN FINGERS. SO HE WORKED AS A BOILERMAKER AND SALMON FISHER TO FUND IT HIMSELF. NOW RAISING CANE'S IS ONE OF AMERICA'S HOTTEST FAST-FOOD CHAINS AND GRAVES IS THE COUNTRY'S RICHEST RESTAURATEUR, WORTH $22 BILLION.

time to read

12 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

RIDING THE WAVE

Saudi Arabia's tourism revival under Vision 2030 is creating new opportunities. For Taiba CEO Sultan Al-Otaibi, acting fast is imperative and so is investing $880 million in eight prime projects to keep pace with rising demand.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

CEO Pay Power Play

Executive compensation across corporate America surged in 2024, driven by stock options and performance bonuses.

time to read

2 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Gold Rally Pushes 5 Arab Reserves Above $145B

Gold hit a historic milestone in October 2025, surpassing $4,350 per ounce for the first time, fuelled by rising geopolitical tensions and expectations of monetary easing.

time to read

2 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Women Taking Over The Corner Office In 2025

Though women held only 9.8% of CEO roles across S&P 500 companies in Q1 2025, according to Altrata, several notable female leaders have recently taken the helm of major firms globally, from Wall Street to Shanghai, across banking, beauty, aviation, and technology.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

THE MIDDLE EAST'S 100 TOP CEOs 2025

Our fifth annual list of the Top 100 CEOs in the Middle East spotlights leaders whose influence extends far beyond business performance.

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Value & Victory

FINAL THOUGHT - “If your courage rises when difficulties befall, you are made of the stuff that wins.” —B.C. Forbes

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

The World's Highest-Paid Soccer Players 2025

Cristiano Ronaldo leads a group of ten footballers collectively earning $945 million this season, but as the sun sets on his legendary career, two young stars are stepping into the spotlight.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

EMPOWERING INDUSTRIES

Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), is reshaping Saudi Arabia's industrial landscape, driving growth across 39 industrial cities spanning over 220 million sqm. His focus: modernizing the sector, empowering SMEs, and positioning the kingdom as a global manufacturing and technology hub.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Brain Man

HERRIOT TABUTEAU combined a Yale medical degree with two decades in finance to start biotech firm AXSOME. Now its success with drugs for neurological disorders has made the Haiti-born immigrant a new billionaire.

time to read

4 mins

November 2025 - English - Forbes Middle East

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